When it comes to high-asset divorces in the Minnetonka area, the stakes are often so high that some spouses go too far in trying to ensure they get what they think is fair. This could include making erroneous allegations or unrealistic demands and doing everything they can to make the separation process more stressful for their former partners.
Hiding assets is a bad idea in a Minnesota divorce
When you spent your life working hard to build up your business, you naturally want to protect your assets from an unfair distribution. Certainly, many legitimate ways exist to help you safeguard your wealth.
How can I protect my assets from my wife in a Minnesota divorce?
Divorce is a challenging time on many levels, especially emotional and financial. If you are the primary or sole breadwinner in your household and your wife does not work or does not earn as much as you, then the financial aspect of divorce can be particularly critical.
2 things to consider about divorce and your company
When it comes to divorces that involve businesses in the Minnetonka area, one can never be too thorough. You do not need to stay with your spouse in order to be able to protect your business from the fallout of divorce, even if she is a partner.
Why divorces often spike after the New Year
The holiday season can prove stressful for everyone, thanks to tight schedules, tight budgets and familial obligations. If you are like many people in marriages across America, you may, too, find that you become particularly disenchanted with your significant other after the holidays pass. Maybe you disagree with your partner’s spending habits, maybe you’re tired of seeing your in-laws or perhaps you simply feel the spark has gone out.
3 ways to divorce-proof your business
If you are in the formation stages of starting a business or have been in charge of one in Minnetonka for a long time, it helps if you take measures to protect it. Believe it or not, your relationship can affect your company if things end badly between you and your spouse. Divorce is one situation that can cost you your business if you are not careful.
Business valuation in a Minnesota divorce
If you own a business, protecting it often takes top priority as you consider your approach to the financial aspects of an impending divorce. If your business or any part of it is marital property and therefore subject to division, a comprehensive and accurate valuation is essential.
What can I expect in a divorce?
One life event that you likely did not see coming is a divorce. You married your spouse with the intent to separate when you die. But at some point in your lives, you both changed, and the feelings you once had for each other are no more.
3 assets that may be most vulnerable in a divorce
There are a number of concerns that arise for any couple going through a divorce. If you have kids, you will be understandably concerned about custody arrangements. If you have a business, you want to make sure that it does not suffer as a result of the end of your marriage. The latter of these is one of the most common property division issues that face high-asset divorcees.
Make your business a success and secure your future
When you start a small business you have a lot of important details to consider. According to a LinkedIn report, there is nearly a 1 in 2 chance that a start-up will go out of business within five years. Your business will be your livelihood. That number can be nerve wracking. You want your business to be successful. The goal is to secure your future. You want to be a successful owner and boss.
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